Equation 15 restricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 164 Mean of dep. var. = 5.14829 LM het. test = .196308E-03 [.989] Std. dev. of dep. var. = 1.01093 Durbin-Watson = 1.88916 [<.290] Sum of squared residuals = 81.5564 Jarque-Bera test = 37.3397 [.000] Variance of residuals = .506561 Ramsey's RESET2 = 8.08110 [.005] Std. error of regression = .711731 F (zero slopes) = 83.9246 [.000] R-squared = .516554 Schwarz B.I.C. = 183.073 Adjusted R-squared = .510548 Log likelihood = -175.423 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .683330 .047019 14.5330 ** [.000] LSUPPLY1 -.057449 .119449 -.480948 [.631] LSUPPLY2 .327855 .117387 2.79293 ** [.006] Equation 16 unrestricted ============ Method of estimation = Ordinary Least Squares Dependent variable: LPSE Number of observations: 164 Mean of dep. var. = 5.14829 LM het. test = 1.81529 [.178] Std. dev. of dep. var. = 1.01093 Durbin-Watson = 2.12033 [<.999] Sum of squared residuals = 61.9859 Jarque-Bera test = 25.6194 [.000] Variance of residuals = .452452 Ramsey's RESET2 = 2.47205 [.118] Std. error of regression = .672645 F (zero slopes) = 8.89141 [.000] R-squared = .627896 Schwarz B.I.C. = 221.771 Adjusted R-squared = .557278 Log likelihood = -152.923 Estimated Standard Variable Coefficient Error t-statistic P-value LPRICE2 .678537 .052238 12.9893 ** [.000] LSUPPLY1 -.129009 .149952 -.860337 [.391] LSUPPLY2 .242852 .119591 2.03069 * [.044] C .198529 3.13587 .063309 [.950] LTNS .120481 .238806 .504511 [.615] LSUPPLY1 0. 0. 0. [1.00] FOWNER1 -.013213 .097341 -.135740 [.892] FOWNER2 -.025069 .048483 -.517062 [.606] FOWNER3 .065796 .065326 1.00720 [.316] FOWNER4 -.070860 .053308 -1.32926 [.186] FOWNER5 -.022937 .048942 -.468662 [.640] FDUMMY1 .165315 .088040 1.87774 [.063] FDUMMY2 -.088290 .055540 -1.58967 [.114] FDUMMY3 -.073748 .063830 -1.15538 [.250] FDUMMY4 .029772 .061899 .480976 [.631] FDUMMY5 -.969619E-02 .074335 -.130439 [.896] FDUMMY6 -.022203 .052518 -.422764 [.673] FDUMMY7 .081485 .074288 1.09688 [.275] FDUMMY8 .020275 .063351 .320042 [.749] FDUMMY9 .035158 .058917 .596738 [.552] FDUMMY10 -.056353 .064714 -.870804 [.385] FDUMMY11 -.187091 .066829 -2.79954 ** [.006] FDUMMY12 .820995E-02 .079180 .103687 [.918] FSTAT1 -.576599 .529556 -1.08883 [.278] FSTAT2 -.122242 .236691 -.516461 [.606] FSTAT3 -.196159 .288979 -.678798 [.498] FSTAT4 .679114E-02 .062931 .107913 [.914] F(24,137) Test Statistic: 1.802258, Upper tail area: .01891